STXQUA.JO is trading at ZAc 1106.00, up 4.24%, likely tracking a broad rally on the Johannesburg Stock Exchange (JSE) following global market gains.
- The move follows a sharp rise in South African stocks, driven by a surge in gold prices and gains among precious-metals producers.
- Local markets are catching up with global trends following the US midterm election results, which spurred a wider risk-on sentiment.
- While no specific ETF catalyst was identified for November 6, Satrix Quality maintains significant exposure to the basic-resources sector, which benefited from the market-wide uptrend.